bdswiss_-_forex_cfd_and_binary_options_-_2016-06-06_10-06-47From Investor to Scalper – series of studies created in cooperation with broker BDSwiss, in which we take a financial instrument and the analysis includes a detailed look at the value from the monthly chart and ending with H1/M15.

AUDJPY currency pair due to ongoing since December 2014 declines in June last year, arrived in the vicinity of support zone between 74.00 levels and measuring of the 61.8% Fibonacci correction where there was bullish response.

AUDJPY Monthly

Looking at the weekly chart we see that due to ongoing from September increases , at the beginning of November the market broke out from lasting two years downward channel and arrived in the vicinity of the local resistance area, where oscillates long time.


On daily chart we see that rejection of the current zone could cause declines as a result of which the market could test the high defeated in November level 80.00, which currently coincides with precisely measuring 50% Fibonacci correction of the whole of the last upward movement. For this to happen, however, we would first beating the support 83.90 break the bottom of lasting for more than two months consolidation.


Looking at H1 chart we see that market still didn’t test from the bottom defeated yesterday support zone (now resistance) between 86,015 – 86,050. In the near future we can expect, therefore, at least a bullish adjustment and re-test of this level.


bdswiss_-_forex_cfd_and_binary_options_-_2016-06-06_10-06-47BDSwiss offers its customers a sophisticated and reliable tool to invest in the market CFD / Forex. Especially novices can result in the safe introduction into the world of financial investments. The educational program of seminars and live comments market traders meet the expectations of those who want to learn how to invest successfully, which is building a great partnership between BDSwiss and its customers.


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